Internet Computer ICP rises 1% after finding support at $4.72

Internet Computer (ICP) demonstrated resilience on Tuesday, rising 1% after facing initial selling pressure. The asset's recovery from intraday lows highlighted its structural strength and the growing conviction among buyers at critical technical levels.

ICP found support near the $4.72 mark, where trading activity intensified and buyers aggressively stepped in. This level has now been established as a high-conviction support zone, potentially serving as a base for further upward movement. The price stabilized above this threshold and gradually climbed toward previous highs, indicating accumulation and reinforcing bullish sentiment.

The volume trends surrounding the reversal were notably elevated, suggesting institutional participation and a strong reaction at support. The strength of the bounce and the sustained recovery indicate that ICP remains technically sound, even amidst broader market fluctuations.

With bullish continuation patterns emerging and no immediate overhead resistance reasserting itself, ICP may be positioned to challenge recent highs. Traders and long-term holders may view the resilience at $4.72 as a foundation for the next move higher.

Technical analysis highlights include ICP posting a 1% daily gain after rebounding, the $4.72 level emerging as a clearly defined support zone following high-volume accumulation, elevated buy-side activity signaling strong conviction among traders during the recovery, short-term resistance levels being tested and overcome without significant retracement, and the market structure remaining favorable for potential bullish continuation in the coming days.